Reuters

GoldCore's picture

“Being Fed Garbage” and "Complacency Rules… for Now”





- We need a free market in currencies, not bail-ins and a war on cash and gold - People blindly trust “experts” so welcome that some of them giving prudent advice regarding diversification - Currencies of creditor nations – Norway, Switzerland, Singapore, Hong Kong will outperform in long term

 
Tyler Durden's picture

Frontrunning: June 24





  • Greece Handed New Terms as Tsipras Approaches Decision Time (BBG)
  • As U.S. Probes $12.7 Trillion Treasury Market, Trader Talk Is a Good Place to Start (BBG)
  • Signs Swedish QE Backfiring as Liquidity Evaporates (BBG)
  • ECB approves ELA funding requested by Greece- banking source (Reuters)
  • Greek Millennials Can't Find Work But Actually Want to Keep the Euro (BBG)
  • Greek deal or not, the euro is now a different beast (Reuters)
  • Promoter’s Arrest Sheds Light on Cynk’s $6 Billion Surge (BBG)
  • The World's Biggest Economies Are About to Feel the Impact of China's Slowdown (BBG)
  • Senate Clears Trade Bill’s Way to Passage (WSJ)
 
Tyler Durden's picture

Former Obama Jobs Tzar Immelt Threatens To Offshore GE Jobs If Ex-Im Bank Bill Expires





If you work for GE, take close note of the despicable behavior from your CEO. You, your livelihood and your family’s well being mean nothing to Jeff Immelt. In fact, you’re nothing more than an easily expendable cog in his corporate game to accumulate even more wealth and more power for himself. He talks about you like you are chips on a poker table. You have been warned.

 
Tyler Durden's picture

Confusion Reigns At PBoC As Multi-Trillion Yuan Bailout Threatens To Undermine Rate Cuts





While China is rather proud of the fact that it hasn't yet implemented outright QE, Beijing has now put in place a bewildering hodge-podge of hastily construed easing measures that can't seem to get out of their own way.

 
Tyler Durden's picture

US, China Deploy Cold War Code In Maritime Standoff As Pentagon Warns Of Chinese Air Threat





“I expect that we may have a similar encounter because we’re operating in this part of the world,” US Naval Commander Rich Jarrett tells Bloomberg, referencing the likelihood of a maritime confrontation between the US and China. Meanwhile, the Pentagon is concerned that Beijing is "closing the gap" when it comes to air and space technology.

 
Tyler Durden's picture

Facing "Full Blown Crisis", Bank Of Greece Enlists Security Firm To Ensure ATMs Stay Stocked





The Bank of Greece has been hard at work with securities services firm G4S over the past two weeks coordinating an unprecedented effort to keep the country's ATMs stocked amid billions in withdrawals. Although the situation has become "critical", G4S notes that it hasn't had to enlist military assistance -- yet.

 
Tyler Durden's picture

Tsipras Faces Party Revolt In Bid To Push Debt Deal Through Parliament





With an agreement in principle on the table, Greek PM Alexis Tsipras now turns his weary eyes towards Syriza party hardliners whose support he will need in order to pass the new deal through parliament. Should the political stalemate prove intractable, Greece may need to call a referendum or snap elections.

 
Tyler Durden's picture

Frontrunning: June 23





  • Greek offer to creditors runs into angry backlash at home (Reuters)
  • Tsipras Seeks to Stave Off Greek Defections Over Aid Plan (BBG)
  • Austria finmin says no agreement on Greek proposals without concrete plan (Reuters)
  • Another ELA raise, this time under €1 billion: ECB raises emergency funding for Greek banks (Reuters)
  • Greek energy, foreign ministers divided on Russia gas deal (Reuters)
  • China’s Plan for Local Debt Amounts to a Bailout (WSJ)
  • Key Democratic senators back plan for trade legislation (Reuters)
  • South Carolina Governor: Time to Furl Flag (WSJ)
 
Tyler Durden's picture

China Soars 7% Off The Lows, Global Stocks Continue Rising On Ongoing "Greek Deal Optimism"





Before taking a look at Europe, an update on China. Just a few short hours ago, when looking at the bursting of the Chinese bubble where stocks were down between 3% and 5% across the board in the first post-holiday trading session after the worst week in 7 years, we said that "without assistance (levitation) from the same PBOC that just clamped down on liquidity, the China bubble has burst." And then as if by request, minutes later we got, drumroll, levitation and the stickiest stick-save by the PBOC seen in months, when the Shanghai Composite staged an unprecedented 7% surge from the lows to close 2.2% higher after tumbling as much as 5% earlier in the session. And just like that, faith in the "wealth effect" is preserved.

 
Tyler Durden's picture

Russia Slams Extension Of European Sanctions; Pentagon Warns Of "Nuclear Saber-Rattling"





Over the past several months, tensions between Russia and the West have escalated meaningfully. While it’s certainly true that, since Crimea, US-Russia relations have deteriorated steadily (baskets of potatoes notwithstanding), recent events suggests the situation may come to a head more quickly than either side cares to admit. In the latest provocation, Europe has extended economic sanctions against Moscow for another six months or, until the Kremlin agrees to abide by the terms of the Minsk agreement which Europe, on the word of Kiev, assumes Moscow is violating. Meanwhile, US Secretary of Defense Ash Carter blasts Russian "nuclear saber rattling."

 
EconMatters's picture

How Some Companies Are Scamming Job Applicants





Guess what?  You were never meant to get the job!

 
Tyler Durden's picture

Greek Banks "Unofficially" Limit Walk-In Withdrawals To €3,000, FT Reports





"A commercial banker said about €400m had been withdrawn via ATMs over the weekend, bringing total outflows to €2bn between Friday and Sunday, a number confirmed by a central bank official. Greek banks have imposed an unofficial ceiling of €3,000 on walk-in withdrawals, the commercial banker added."

 
Tyler Durden's picture

European FinMins Douse Market's Rabid Greek Optimism





While the politicians do what politicians will do (i.e. lie when it "becomes serious"), those who have a predisposition towards pragmatism are indicating that Monday's 'emergency' Greek summit is nothing but a media spectacle that will produce nothing in the way of concrete results and is likely only good for giving the algos a few headlines to chase.

 
Tyler Durden's picture

Frontrunning: June 22





  • Mood brightens after latest Greek offer to creditors (Reuters)
  • ECB's Nowotny - Greek banks have funding extension for today (Reuters)
  • Any Greece deal must match party manifesto, minister says (Reuters)
  • Greece says now up to lenders to move on an agreement (Reuters)
  • Greece sends wrong documents to monitors... Again (FT)
  • U.S. won't let Russia 'drag us back to the past': Pentagon chief (Reuters)
  • Belgium unblocks part of Russian diplomatic missions’ frozen accounts (Tass)
  • Fed Scoop Heralded Era of Closed Doors for $100,000 Newsletters (BBG)
 
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